Tags: white house | debt ceiling showdown

White House: No Short Term Debt Extension

WASHINGTON- President Barack Obama remains opposed to a short term extension of the U.S. borrowing limit without a bipartisan deal on long-term deficit reduction, the White House said Wednesday.

White House press secretary Jay Carney also said Obama wholly supported the approach taken by a group of Democratic and Republican senators to cut the U.S. deficit by $3.7 trillion through spending cuts and tax increases.

 

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WASHINGTON- President Barack Obama remains opposed to a short term extension of the U.S. borrowing limit without a bipartisan deal on long-term deficit reduction, the White House said Wednesday.White House press secretary Jay Carney also said Obama wholly supported the...
white house,debt ceiling showdown
 

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